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Salary Who we are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
About the role
What you need to know:
Reserving
Assist in the production of Legal Entity and US GAAP reserve estimates, both gross and net of Reinsurance using standard reserving techniques
Assist in production of reserving presentations and commentary to support the analytical work
Take key stakeholders (internal and external to Actuarial) through the Actuarial and Financial reserving results
Work with the claims team around the impact of claim initiatives, inflation and specific IBNR areas (e.g. specific individual losses or catastrophe events)
Work with reinsurance to ensure understanding of outwards reinsurance changes impacting their lines of business
Collaborate closely with the UK, EMEA and wider Global Specialty actuarial teams, ensuring effective communication of actuarial information for Specialty lines
Pricing
Support the Pricing team through contributing to Profit Study analysis and production of Budget/Forecast Loss Ratios to achieve profitable growth and business goals
Support the development and delivery of robust portfolio analytics to inform and guide decisions of the Global Specialty business
What we are looking for:
Bachelors degree or equivalent (Mathematics/Actuarial or related)
Student member of an Actuarial Institute with partial progression through the exams
Actuarial experience in P&C industry
Proven proficiency in actuarial concepts/methodologies
Proficiency in reserving software
Knowledge of programming software, such as R, SQL or VBA would be advantageous
Ability to forge relationships with other areas of the business
Ability to work under own initiative, be proactive and show flexibility to meet business needs
Ability to meet tight deadlines and prioritise own work
Professional behaviour with a high level of integrity
Excellent analytical and problem-solving skills
Excellent communication, presentation and interpersonal skills
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A look at our Benefits
We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.
We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd
